With oil prices pushing more than $79 a barrel in the U.S., the nation’s oil and gas rig count increased by 5 in the past week to reach 533 total. Oklahoma numbers were up by one to 41 working rigs according to this week’s Baker Hughes Co. rig report. One year ago, Oklahoma had …
OGE reaches storm cost agreement
OGE Energy and some consumer groups filed a joint stipulation with Oklahoma regulators on Friday agreeing the utility’s estimated winter storm costs will be lowered to $760 million and be recovered over a nearly 30-year period. The amount is in contrast to the $875 million figure cited by OG&E in a September notice to …
Crude prices in US push closer to $80
Crude oil prices made another gain on Friday as the U.S. benchmark moved closer to $80 a barrel, helping oil to end up with a 4% increase in prices for the week. West Texas Intermediate crude for November delivery finished up $1.05 or 1.3% at $79.35, the highest close since Halloween, 2014. Global benchmark, …
Congressman—American Energy is the Best Energy
American Energy is the Best Energy By Congressman Tom Cole America hit a troubling milestone this month with prices at the pump reflecting the most expensive in seven years while oil shortages around the world worsen. And as the holidays approach, gas and utility prices are only expected to increase further. Unfortunately, this crisis …
North Dakota Supreme Court hands legal win to Continental Resources
Oklahoma City’s Continental Resources was handed a legal victory this week by the North Dakota Supreme Court. The court ruled in favor of Continental in a fight over a lower court judgment adjudicating ownership of interests in an oil and gas lease and claims to revenue production. The case involved Phillip Armstrong of Minot, …
Democratic Senators target oil and gas industry
Sens. John Hickenlooper, D-Colo., and Martin Heinrich, D-N.M. are going after the oil and gas industry again, introducing a bill to end non-competitive leasing of drilling rights on federal land. The two Democrats call it the COMPETES Act which stands for Competitive Onshore Mineral Policy via Eliminating Taxpayer-Enable Speculation. The two senators said the legislation …
Other energy stories
** President Joe Biden will restore two sprawling national monuments in Utah that have been at the center of a long-running public lands dispute, and a separate marine conservation area in New England that recently has been used for commercial fishing. Environmental protections at all three monuments had been stripped by former President Donald Trump. ** A …
Rep. Mullin helped honor Utah conservation efforts
Oklahoma Congressman Markwayne Mullin recently took part in a conservation event entitled “One Utah Summit” where he helped honor the state for its conservation efforts. Rep. Mullin joined Republican Reps. Dan Newhouse and Chris Stewart, both leaders of the Congressional Western Caucus in presenting commemorative copies of a resolution to Utah Department of Agriculture …
Counties in Eastern Kansas plan restrictions on solar farms
Two counties in eastern Kansas are considering new regulations putting restrictions on solar farms after NextEra Energy Resources announced plans for one of the largest solar farms in the nation. E & E News reports that leaders in Johnson and Douglas Counties, locations near Lawrence and Kansas City were prompted by NextEra’s proposed 320-megawatt …
Men fined for using Oklahoma company’s pipeline for target practice
Two years after two men used a Minnesota pipeline owned by Magellan Midstream Partners of Oklahoma for target practice, causing a massive diesel fuel leak, they were ordered by a federal judge to pay $1.1 million in damages. It was in 2019 when the two men shot at the line causing a leak of …